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Raya Holding denies decisions on acquisitions, foreign investments

Businessmen Team banks-exchange 14 October 2025 10:50 PM
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Raya Holding denies decisions on acquisitions, foreign investments

Raya Holding for Financial Investments denied making any decisions regarding foreign investments or new acquisitions.

In a statement responding to inquiries from the Egyptian Exchange on Tuesday, the company confirmed that it is still reviewing several investment opportunities as part of its expansion plans.

The company noted that it had previously disclosed in March 2024 that it was studying the acquisition of an information technology company, and that there have been no new developments since that announcement.

Raya Holding reported a consolidated net profit of EGP 971.67 million for the period from January to the end of June 2025, up from EGP 762.13 million during the same period last year, including minority interests.

The company’s revenues rose to EGP 27.77 billion in the first half of 2025, compared to EGP 20.08 billion a year earlier.

At the standalone level, the company turned profitable in the first half of 2025, posting a net profit of EGP 580.11 million, compared to a net loss of EGP 85.9 million during the same period in 2024.